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US rate hikes will hit HK property market, says finance chief

Increase in HK interest rates will follow increase in US rates, although there's a time lag

Mr Chan said that he was confident Hong Kong would be able to resolve its housing problems by working to increase land supply.

Hong Kong

HONG Kong's finance chief Paul Chan on Monday warned that US Federal Reserve interest rate hikes could eventually negatively impact the city's property market.

Mr Chan, speaking at the 20th Credit Suisse Asian Investment Conference held in Hong Kong, said that "faster...

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